Money Management

Can You Afford A Car? Important Things To Consider

Many people believe that they need a car. Most households in the western world have two or three cars. That means that some households have more cars than they do people. You might think that you need a car to be a functioning human being, but can you afford one? It is all well and good to say that you need a car, and then to buy one on that basis, but what will that do to your finances? If you are on a low income, you will find it hard to pay for a car on a monthly basis. That means that the vehicle will put a strain on your day to day budgeting. If you are considering buying a vehicle, you should think about the consequences of doing so. Before you do anything, you must first decide whether it is the right decision for you and your family. So, can you afford a car?

Car

Image via Flickr

Finding a car to suit your needs

Finding the right car to suit your family’s needs can be tricky. You need a car within your desired budget, but also one that fulfills all your needs as a family unit. Many people think that getting a car is a simple process. It is not. When you are looking for a car, you will find that it is almost impossible to find one that is ideal for you and your family. You need to look for vehicles that fit your needs. For example, if you have a large family, you need a car that will allow you to transport them around the country. If you have a baby, you need a car that comes with all the latest safety requirements. The problem is that you can’t find a car of this nature on a small budget bracket. That means that when you are choosing a car, you will have to reach a compromise. What is the most-important thing to you about getting a car? Before you decide whether you are going to get a car, you should sit down with your partner and talk things through. If you don’t have the finances for the car you need, you might need to reconsider getting a vehicle at the moment.

The rising cost of fuel

The cost of fuel is on the rise. That means that people are finding it more and more difficult to run their cars. If you don’t have much money, you need to consider whether you can afford to pay for fuel. When you decide to get a car, you will need to take into consideration the monthly fuel costs. That means that you will need to work out whether you can afford the fuel on a monthly basis. If you realize that the fuel is going to be too expensive for your family, you can’t get a car. You will need to pay car insurance and tax whether you’re using your car or not. That means that even if you can’t pay for fuel to run your car, you will still have to pay for extra expenses. How much money do you and your family spend on public transport? If that amount is less than you would spend on fuel, you should consider not getting a car. Public transport is a pain and at times it can be unreliable. That said, it is an awful lot cheaper than running a car in general. That means that you and your family can save loads of money by using buses rather than a car.

Hiring a car for rare occasions

If you decide not to get a car, you should consider the occasions when you will need a car. There are certain times, when your family will need to have a car. For example, if you’re going on vacation, you might need a car so that you can drive your family around. Hiring a car might be a good short-term solution for you and your family. You can get some great prices on cars if you shop around. Getting a car for a short period, rather than buying a vehicle will mean that you can have a car when you need one, but you save money in the long run.

Getting a car on finance

Most people can’t afford to buy a car upfront. There is nothing wrong with having to get a car on finance. When you get a car on finance, you take out a loan. That means that you pay off your car loan in monthly installments. If you are considering getting a car on finance, you should look at the many offers available to you. Finding some deals on car leasing online might mean that buying a car becomes more affordable. Make sure that you look at your current budget. If you have space in your budget for another expense, you can factor in how much the car will cost you.

Insurance and taxation

Insurance and tax are the two most-expensive things for people who own cars. When you are deciding whether buying a car is the right move for you, you need to think about how much these two things will cost. It is illegal to run a car without paying for insurance and tax. You could face serious legal repercussions if you fail to pay for the two things. If you can’t afford the payments, you shouldn’t own a car. You can see how much each payment would be before you buy a car. Look at insurance policies online for various vehicles. Doing so will give you a rough idea of how much money you will need to spend each month on tax and insurance.

Deciding whether to get a car or not is no easy decision. Everybody has different financial constraints. That means that some people can afford cars whilst others can’t. There are ways to make owning a car cheaper, but in the long run, you will need finances to sustain owning a vehicle. If you are unsure about whether you should get a car, you should make sure that you take the time to think about your decision.

Insurance

The PPI Claims Scandal Just Won’t Go Away!

Payment protection insurance (PPI) has become a millstone around the neck of the UK banking industry, a fast-growing monster that shows no signs of dying off. With more people putting in claims thanks to the High Court ruling that ordered the banks and other lenders to pay back any fees relating to mis-sold PPI policies the mainstream press has kept the story alive, and recent developments have drawn attention to the problems faced by individuals who believed their route to repayment was now a simple case of making a call and getting the money owed.

Lloyds Banking Group under Fire Again

The most prominent story has been that regarding the Lloyds Banking Group, which owes more than any other lender. The revelation that call centre staff employed to handle claims were told to stall on processing payments in the hope that claimants would then not bother has further damaged the reputation of the bank. The staff were employed not by Lloyds, however, but by a third party brought in to help sort out the backlash. Nevertheless, the incident has left a bad taste in the mouth, and was the last thin Lloyds needed in the current situation.

The PPI Claims Company Route

The call centre fiasco is one reason why many people are still choosing to use a ppi refunds company to get back the fees they are owed. Many examples of banks stalling or delaying payments – they have been told they must now process them in a reasonable time or face fines – can be found over the last couple of years, and it would seem that things have hardly improved. The expertise offered by claims companies is not to be sniffed at, and may make things a lot easier for those who cannot face the trials of arguing with their bank.

The False Claims Scandal

One reason the lenders have had to enlist outside help such as that mentioned above is the frequent dealings with false claims. People have been taking chances to claim back money they were never owed in the first place, and sorting these bogus efforts from the genuine ones has added to the time needed to process PPI claims. It is to be hoped that, in future, call centres will be more diligently managed and used to greater effect to get back the money owed to wronged consumers, many of who are still waiting for their claim to be processed.

Frugality

Save Money On Your Cellphone Bill

student rate

Sometimes all you have to do for a deal is ask. But a lot of companies are cutting back on deals and sprint is no exception. I called them up several different times a just asked “Is there any deal I can get on my plan” and they always told me no.

So what I did is look around the net for any site that could get me a percentage of my bill cut off. I then stumbled onto Student Rate. They can get you a bunch of discounts at different places. For instance, with sprint it will give you 15% off your monthly bill, for AT&T and T-mobile it’s 10%. They have many other discounts available.

The only catch is you must have an email address from a school. You don’t actually have to be going to the school but you have to be able to access the account.

I use it to save the 15% off my sprint bill and it adds up. Try it today.

What site do you use to get discounts?

 

Extra Income

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Wedding

A Tale Of 2 Wedding Registries

So my wedding my fiancés wedding is coming up in a couple of months and we recently went on an adventure of registering for gifts for people to lavish upon us. As I’m not one for receiving, it’s not really something I was looking forward to. But it wasn’t as bad as I thought it was going to be.

Since we went to 2 different places we had 2 completely different experiences.

Bed Bath & Beyond

I’m just going to say that I hate when I get a great experience at the first place I go to because it just means the last place will leave a bad taste in my mouth. Bed Bath & Beyond was by far the best place we went to. They have a whole setup just for registering with someone to help you the whole way.

At first I didn’t think I was going to like it because I like to go at my own pace but it actually helped get it done at a nice pace and they were really helpful. We honestly didn’t know everything that we should be getting so having that person to be able to tell us that most other people chose this vs this. That really helped us decide and I really enjoyed it.

We picked a lot of items and just had a really good time. They also told us that they have regular get togethers of people that register there where they give out door prizes and everyone gets 20% without needing the 20% off coupon they send in the mail to everyone every week without solicitation :)

But I really didn’t know how good we did until we went to the next place to register.

Target

Honestly, I didn’t really want to register at more than 1 place because I feel like it gives people too many choices. But Beth really wanted to go so of course I had to go. She said she wanted to give a cheaper option to people and my endless attempts to say we did pick cheap items at BB&B went unanswered.

But, target has the setup that I wanted in the first place, you get to do it all by yourself without their help. You just go up to a computer and put in your information. One of the questions they asked is if you want people to buy us gift cards. At first we said yes but decided to go against it an later changed it back to no. People always have the choice of buying gift cards so I didn’t really want to push them into that direction.

So we got our guns and went off around the store…it was not as good as I thought it was going to be. Target is huge and there’s really no direction to go in. So we basically just walked aimlessly around the store picking some things that we liked.

At the end we picked a lot less items than at Bed Bath & Beyond because we just didn’t have any direction. So take that hint Target.

So was it really a bad experience? No, I would just say it was a different one. We don’t really know what we need, So getting direction at BB&B really helped us out and created a great experience for us.

Target would be for people that know what they want/need and don’t need any direction.

But I’m going to have to give props to BB&B for the great service and recommend them to future husbands and wives out there.

What experience have you had registering?